Bill Summary
The proposed bill aims to amend the Ethics in Government Act of 1978 in order to require Members of Congress to disclose any business ties they or their immediate family members have with foreign entities. This disclosure would need to be included in any reports submitted by the Member of Congress and would require details about the nature of the business tie and the foreign entity. This amendment would apply to any reports filed after the date of enactment of the bill.
Possible Impacts
1. This legislation could affect Members of Congress by requiring them to disclose any business ties with foreign entities. This means that they would have to publicly reveal any financial relationships they have with companies or organizations based in other countries. This could potentially impact their political careers and could lead to controversy or criticism if the ties are deemed unethical or a conflict of interest.
2. The legislation could also affect the public by providing them with more transparency and information about the potential business interests of their elected representatives. This could allow for greater scrutiny and accountability of Members of Congress and could help prevent corruption or unethical behavior.
3. The amendment could also affect foreign entities by potentially revealing their business relationships with Members of Congress. This could create tension or complications in international relations if the disclosed ties are controversial or problematic in any way. It could also discourage foreign entities from forming business relationships with Members of Congress in the future.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1020 Introduced in House (IH)]
<DOC>
116th CONGRESS
1st Session
H. R. 1020
To amend the Ethics in Government Act of 1978 to require Members of
Congress to disclose business ties with foreign entities, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 6, 2019
Mr. Posey introduced the following bill; which was referred to the
Committee on House Administration
_______________________________________________________________________
A BILL
To amend the Ethics in Government Act of 1978 to require Members of
Congress to disclose business ties with foreign entities, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. DISCLOSURE BY MEMBERS OF CONGRESS OF BUSINESS TIES WITH
FOREIGN ENTITIES.
(a) In General.--Section 102 of the Ethics in Government Act of
1978 (5 U.S.C. App. 102) is amended by adding at the end the following:
``(j) Any report filed pursuant to section 101(d) by a Member of
Congress shall include the disclosure of any business ties the Member
or any member of the Member's immediate family has (if any) with a
foreign entity. If a Member of Congress makes an affirmative disclosure
of any such ties, the Member shall include information detailing the
nature of the business tie and foreign entity.''.
(b) Application.--The amendment made by subsection (a) shall apply
to any report filed pursuant to section 101(d) of the Ethics in
Government Act of 1978 (5 U.S.C. App. 101(d)) after the date of
enactment of this Act.
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